
Am I Eligible for a Disaster Relief Loan?
December 21, 2012
In the wake of Superstorm Sandy, many individuals and small businesses are finding that federal funding is slow in coming, and not totally guaranteed in some cases. Many insurance companies are also struggling to react to the overwhelming volume, delaying the recovery process further. This has left some business owners sorely in need of immediate assistance in order to get back to the business of earning a living.
Run of Hope
December 14, 2012
On September 30th, 2012, Parker Smith & Feek employees and their family members totaling 140 strong joined 2000 other runners for the Run of Hope. The annual 5k race, 3k walk raises money to aid the search for a cure for Pediatric Brain Cancer.
Gleaners, Food Donations, and Protecting Your Good Nature
December 13, 2012
You’re in the food business, so what better way to show the Holiday Spirit than to do something with food, right? Not only does Parker Smith & Feek have clients who run restaurants and hotels, but also non-profit organizations with elaborate operations of food drives, donations, and distribution to the less fortunate all year long. Working together is what this season is all about, but there are certain insurance exposures you need to be aware of before you donate perishables.
Are You A Gleaner?
The Holiday Food Donation Dilemma for Insurance
December 10, 2012
The need for clothing, household items, and food continues in our community, and there are many great organizations that help fill that role. The people providing this service are caring, dedicated volunteers. However, risk management may be the last thing the organization is thinking about. It is important to understand what your current insurance policy includes, and more importantly, may exclude.
Does WA L&I Cover Out of State Workers?
December 10, 2012
My clients often ask the question, “I’ve got a job in [state other than WA]. I pay for L&I here, do I need to worry about worker’s comp there too?
My answer to that is, “In most cases, Yes.”
Is Your Holiday Party Covered?
December 10, 2012
You’re having a holiday party to tell your employees how much you appreciate them. Hooray! However, the Driving Under the Influence (DUI) laws in Washington State have been changing so rapidly that it can make your head spin. It seems almost every month a business shows up in the news with a lawsuit naming them partially or fully liable for an accident that resulted in a DUI injury or death under the “dram shop” laws.
HHS Releases Small Group Insurance Regulations
November 26, 2012
Last week, The Department of Health and Human Services (HHS) released two sets of proposed regulations related to provisions of the Affordable Care Act (ACA) important to individual and fully-insured small group health plans. Rules were released regarding essential health benefits, plan actuarial valuation, and small group rating and underwriting rules.
Post-Election Update Seminar Video
November 20, 2012
Healthcare Post-Election Update Description and Disclaimer In the Healthcare Reform Post-Election Update, Parker, Smith and Feek (PS&F) gathered three healthcare insurance experts to examine the Affordable Care Act (ACA).
HCR-Planner
November 16, 2012
This summary is provided as an overview of some of the provisions of the Patient Protection and Affordable Care Act (PPACA). For more details or questions, please contact your Parker, Smith & Feek Benefits Team.
The Election is Over – Where Do We Go from Here?
November 15, 2012
With the re-election of President Obama, and very little change in the make-up of Congress, the path to full implementation of the Affordable Care Act (ACA) now seems clear. Many employers may have not aggressively acted to address the impact on their employer plans due to the questions about the future of the law and because some of the most significant provisions of the ACA aren’t effective until 2014.
Getting the Right Adjuster
November 13, 2012
When you have a sudden, major property loss, you follow the prescribed process for filing a claim with the insurance company; however, there are a few things you should consider. They most often assign an adjuster to work with you on the claim. This adjuster may or may not have the experience and understanding needed to make the claim and recovery process run smoothly.
Ex-Mods Up, Ex-Mods Down – 2013 NCCI Changes
November 12, 2012
Workers Compensation insurers have long relied upon the theory that past results are the best indicator of future performance, and have utilized experience rating to increase or decrease an employer’s premium costs based on prior claims experience. As the underwriters’ actuaries would attest, frequency of claims is more indicative of a safe or unsafe workplace than severity, or cost, of those claims.
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